Technology Disruption (Generic bias) (Causes of Disruption (Rapid…
What is Disruption?
Technology Disruption Vs Disruptive Technology
Not New (Examples of disruption from times past)
Why is called "Disruption"?
Effects of Disruption
Eroding Jobs (Unskilled, Semi-Skilled, Skilled)
Winners (AirBnB, Uber) & Losers (Traditional hotels, Traditional taxis, Kodak, Nokia, Blockbuster, Blackberry)
Managing Disruption Change
whosoever desires constant success must change his conduct with times
"who moved my cheese"
Nokia (from bicycle to phones)
IBM (from traditional hardwares to artificial intelligence)
Nothing wrong with being ignorant at first
Be abreast of customer tastes, market demands.
(Easier said than done especially for cross-generational considerations - generational bias: the natural tendency to expect every other generation to conform to our own ideals. Demographics.) Slide 32 Week 1)
Constantly scan, research, explore new technologies
Disruption in Nigeria
The end of oil
UAE is already doing something about it.
Robotic Farming to eliminate the labour-intensiveness of farming
(Video of those robots)
Disruption in CBN
(as a conservative organization)
Build Dynamic Capabilities
(There are two types of organizational capabilities: Operational capabilities and Dynamic capabilities)
(factors that make a system reproducible also make it resistant to change) Hannan and Freeman
Slide 32 Week 1
Way Forward (Global Perspective):
Universal Basic Income
Causes of Disruption
Focus on Sustainability
Rapid Advancing Technologies
Cause(s) of disruption
Innovations (technology base)
Not all innovation lease to disruption
Wearables (google glass)
blood pressure monitor
Challenging Economic Climate (competition)